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not be willing or able to, seemingly, take on big tasks. >> that happened all this week. kristin is live at the white house. a lot of talk. we're one day closer to that deadline. what can we expect to hear from the president in the next hour? >> hi there, richard. we expect the president to continue to push to get a big deal. what's a big deal? about $4 trillion in deaf sigz reductions over the next decade. at the end of last week, it looked like he and speaker boehner were moving towards the same page in terms of trying to get a big deal. that fell apart over the weekend. so we expect the president to resume calls for a big deal to say now is the time to seize the moment. there will be political pain on both sides. what he means by that is the democrats will have to come to the table over entitlements, making small changes to things like social security and medicare and the republicans will need to come to the table in terms of rolling back tax break for wealthy corporations and americans. as you said, richard, he's going to hammer this point that they will continue to work until they g
. and carney saying that tomorrow is a big day and everybody has to either come to an assessment that we can do a significant deal and they were talking of course of the $4 trillion deal until the republicans pulled the plug on that last weekend, and they have to come in friday, and friday is shaping up to be something of a deadline, and meanwhile, tim geithner, the treasury secretary up on the hill behind closed doors talking about the senators of a doom and gloom scenario is nothing is done by august 2nd, and the united states has to begin to default as carney and other white house officials call it hypothetical and insists that the country will not default and some arrangement will be made, but it is not clear what the path of the arrangement may be before august 2nd, tamron. >> and what about the report that the president was mulling over a bipartisan meeting at camp david and there is a quote at nancy pelosi saying it is not a good idea many her opinion, because the rsvps have not been released as politico pointed out, but what is story here? >> well, everybody is backing away from somethi
's take a look at the big drop on wall street today. the dow closing down 198 points. about 1.5%. the nasdaq slipped 2.6%. the s&p 2%. another drop on wall street. mounting debt crisis could end up lowering the country's signature credit rating for the first time in decades. ahead, we'll lay out the severe consequences of such a move and why some say politicians here in washington are right now playing with fire. and not everyone thinks the country is approaching armageddon. why some lawmakers in congress are taking a hard line on raising the debt ceiling. stay with us. a vacation on a budget with expedia. make it work. booking a flight by itself is an uh-oh. see if we can "stitch" together a better deal. that's a hint, antoine. ooh! see what anandra did? booking your flight and hotel at the same time gets you prices hotels and airlines won't let expedia show separately. book it. major wow factor! where you book matters. expedia. ♪ you are my sunshine ♪ my only sunshine ♪ you makes me happy ♪ when skies are grey ♪ you'll never know, dear ♪ how much i love you ♪ p
the band-aid. eat our peas. >> reporter: of course, taxes remains the big sticking point. the president, though, insisting that nothing would change before 2013 so it would not happen during a difficult economic environment, but house speaker john boehner saying that there's no reason to raise taxes in order to control spending. he believes the best way to get revenue is by improving the overall economy by creating jobs. he says he is willing to get a deal done with democrats and the white house, but, in his words, it takes two to tango and they are not there yet. >> dan lothian at the white house, thanks. >>> the debt crisis overseas sending a chill through wall street this morning. less than half hour before the opening bell, u.s. stocks may be headed for another rough day. ali velshi is joining us live from new york. ali, what does it mean? >> well, you know, first of all, futures seem to be leveling out a little bit, kyra. a couple of things going on here. one as dan was just saying, we just heard from the treasury secretary who is making a speech and he says he is expecting a deal
opposition to this big, but there, i predict, will be no democrat for this bill so because bipartisanship was not sought. i'm a diely concerned it would pus us right back on the praecipe of imminent default in just a few months, casting a pall of uncertainty. and leading to a job-destroying credit downgrade. >> i urge my colleagues in the name of sanity and in the name of ensuring in a we pass this measure and we send it to our colleagues in the united states senate. >> here areas a quick reality check if this bill passes the house, it's going to hit a big roadblock in the senate. senate democratic caucus, every member of that caucus has signed onto a letter say they will oppose the bill, and senate majority leader harry reid announced today they will quickly take up the bill in the senate this evening, but only to table the measure, a vote to table the measure effectively just setting it aside. that doesn't mean think couldn't take it back up if they wanted to, but it's a quick way legislative for democrats to show there is not enough support for this big to pass the senate. it brings us
of the united states of america. and the craziest part -- >> the u.n. wants to spend a big chunk of that money on things that have nothing to do with climate change in third world countries. stuart varney is here to weigh in on this. so where does this come from? where does the money come from and where would they like to see it go? >> where do you want to start on this one? this shows you how totally out of wack the global warming community is with american public opinion. what the u.n. says is this -- we need $1.9 trillion each and every year for 40 years in order to solve the climate problem worldwide and to reduce poverty and hunger worldwide. so they're bringing in poverty and hunger along with climate change. >> it's not all green. it's poverty, hunger and everything else. >> but you cannot eradicate poverty and hunger without going green because if you don't go green, you increase poverty and hunger. you got it? >> so where is this money expected to come from and how much is coming from the united states? >> ok, we contribute 22% of the united nations budget so theoretically, if this
that tim geithner and his chief economist, gene sperling, and jack lou were making one more big push for the big cuts republicans say they want. if they turn their back on those big cuts, the president is in the strongest position to say they are not living up to their principles. >> and there is no chance of them accepting any kind of big deal at all because the president is insisting that there be tax revenue increases in there. so the president knows that he is pushing something that they absolutely cannot agree to. so at this point, what the president does seem to be doing is what you just said, is making his position appear to be the one who wants to do the big move on deficit reduction, and forcing these republicans to back away from big deficit reduction, thereby, he hopes, neutralizing deficit reduction as an issue against him in the presidential campaign. >> well, look, he's talked about deficit reduction all the way through. but remember, it's not just his position here. it's 2/3 of the american public. we have a slew of polls here saying that 2/3 of the american people wan
>>> the big divide. congressional leaders return to the negotiating table in a few hours trying to hammer out a deal. the two sides farther apart than they've ever been. the question is, if not now, when will a deal happen? >>> the extreme heat is the number one killer in the u.s. claiming more lives than tornados, floods, even hurricanes. how bad things are getting across the country right now. >>> praying gay away. the secret videotape involving presidential candidate michele bachmann and her husband's clinic. does their business claim to have a cure for homosexuality? calling rupert murdoch, the media magnate and his son have been called before parliament to explain the phone-tapping scandal that could bring them down. >>> i'm thomas roberts. we get to president obama preparing for another round of debt talks with congressional leaders as the clock continues to tick. speaker boehner reenforced his party's message and put pressure on the president this morning. take a listen. >> this debt limit increase is his problem. i think it's time for him to lead by putting his plan on t
and what doesn't get paid. another big story right now, a massive and dangerous heat wave is gripping much of the nation. here's how it looks and feels across the country. take a look at the red quarter. temperatures expected to reach 104 degrees in parts of texas today, in the southeast, temperatures are expected to reach the upper 90s and more than just uncomfortable, it's dangerous. heat has already claimed the life of at least one person in illinois and adding to that, the heat is causing drought conditions in the deep south to intensify. also this morning, hundreds of thousands still without power in the chicago area after strong thunderstorms rolled through. officials warn the power there might not be back on until saturday. let's go live to rob marciano outdoors this morning, silly rob, in atlanta's piedmont park. sun still not up, so it's still probably manageable there. but a lot of the south waking up this morning to 80 degrees overnight or higher. >> yeah. that's the thing. really hasn't cooled down much overnight, ali. even if you're out before the sun comes up you're still fee
. no we won't. we have money to pay it, pay it take that issue off the take. here's the big issue, the president doesn't want to have to be confronted with priorities in spending. because he has a lot of chutzpah. he spent a trillion on stimulus, it failed. he spent a trillion and a half every year on deficits, they are his. also obamacare trillions of dollars this is his spending. he's gotta own it and deal with it. >> greta: i think the president genuinely wants to make sure people don't get hurt. >> we all do. we all do. >> greta: i don't think he's necessarily playing politics some would say he worries if we take some money out of this program it is going to hurt somebody, they all have costs every time we take has costs. >> my point was, this president has added trillions of dollars. we wouldn't be in this crisis right now if he wouldn't have spent that trillion on stimulus, trillion and a half more than he should have on the budget and trillions more on obamacare. but for those trillions in spending, we wouldn't be in this mess. we would still be in a bad spot, nowhere near
this economy and yeah, there's a big issue coming up with regards to the debt ceiling. the president ought to be in washington meeting with republicans, meeting with democrats, he shouldn't leave that town until he has an understanding of what it's going to take to get this economy going again and deal with the fiscal crisis that the country faces. but he's here raising money for a campaign. doesn't even have a primary opponent. >> the president was also in pennsylvania, the white house, though, fires back at that particular metal works plant, the allentown metal works that had been struggling for years when the president visited in 2009. president obama saying while i'm working, there will be candidates parading around the country and doing what they do can which is trying to attack. he told supporters in other parts of pennsylvania while mitt romney was there in pennsylvania. >> mitt romney did not mention his rivals. he's clearly taken the stance that i'm the frontrunner, i'm not going to mention tim pawlenty or michelle bachmann. why's he in pennsylvania? not an early primary state, k
the moments. americans are outraged you have to big chunk of americans that still believe that she was guilty in this case and even though she was proven not guilty, many say that doesn't mean she was innocent. and protesters were out there, outside of the jail, waiting for casey to leave just outraged take a listen to what some people were saying. >> we're just out here, we don't care if it's raining, where the thunder is, we're out here. >> it's an important thing to boycott casey, that she gets no money, protest that this kill ser getting out. that she had such a jury trial that was as much a joke. six-year-old would have made a more conscientious decision. >> sheet's definitely guilty. >> and dave mentioned the facebook, there's the i hate casey anthony facebook page. 45,000 now. >> dave: it's up now 48,755 and i would imagine that list will continue to grow throughout the days and weeks ahead. >> clayton: another one, an f-casey anthony page. more than 775,000 individuals on that. so they were choosing between the two facebook pages the i hate casey anthony page and another one. >> ainsl
to rein in big government spending and prevent tax increases. >> the majority of the house has to approve spending and that's tremendous leverage. we should use it. >> a political analyst says it has an impact on how far g.o.p. speaker john boehner can go in debt negotiation. >> the existence of the freshmen linked creditability to john boehner when he says there are not enough votes for tax increase. >> reporter: president obama is also feeling the pressure from the left flank saying that social security and medicare may need modification to sustain them for the future generation. >> if there is a reasonable deal to be had on it, one i'm willing to pursue. >> that got a strong pushback from nancy pelosi and other liberals. >> today, the democratic women of congress have come together to send a clear message. we must protect medicare and social security. we will not support cuts. >> reporter: if there are cuts to the program in a final deal, it will be a tough sell to the president with the liberal base, which sees itself as cardigan of the entitlement. molly henneberg, fox news. >> shann
. there are a lot of breaking details regarding the dates and there could be a big face injected into it as well. we'll tell you about it shortly. big blowup in washington that everybody is talking about. >> clayton in for brian today. good to have you. headlines for you first. there are no leads this morning on who is responsible for a deadly triple bombing in mumbai, india that killed 17 people. the simultaneous bombings in three separate neighborhoods described as a coordinated terror attack. 131 other people are hurt. 23 critically. investigators believe it may be revenge for police pressure on home grown terrorists. this morning, four people are dead after a homicide bomber attacked a memorial service for the half brother of afghanistan president hamid karzai. 15 others were hurt in this attack on a kandahar mosque. wally karzai was assassinated on tuesday. he was shot at close range, apparently by a confidant. the taliban has claimed responsibility for his murder. thousands paid their respects for an 8-year-old boy murdered in his brooklyn, new york, neighborhood. he went missing monday on his
should be spending time to get americans back to work and fixing the economy. there is a big issue coming up with regards to the debt ceiling. president ought to be in washington meeting with republicans, meeting with democrats. he shouldn't leave that town until he has an understanding of what it's going to take to get this economy going again and deal with the fiscal crisis, but he is here raising money for a campaign. doesn't even have a primary opponent. >> gregg: might gop governors rally around mitt romney. he is lashing out at the current president? >> i think that is possibility. i think what you elude to, governors think that those from their ranks make the best president. you have heard a number of governors yet to endorse that idea they would like to see a governor as the nominee. they would like to see a governor as the next president. i think you have to wait a while until the field narrows or some things become a little clearer. at this point i just don't think there is enough reason for the vast majority of the governors to come together and endorse and pick a candidate. >>
question is whether they can move, pasoo move past thinking about this big deal, move towards the possibility of a 2 1/2 trillion dollars deal, and whether they can come to some conclusion that that's not going to work, it's not going to get past the house, if it has any tax increases. that's the bottom line. we've heard it from speaker boehner on my show yesterday. it's just a matter of head counting. and now you have senator mcconnell's plan out there that he describes as a last ditch effort, but it's already getting praised by democrats like senator reid and house speaker nancy pelosi, so the going bet now inside washington is that they'll continue to talk to try to get to some bigger deal, but that the escape valve is there and it may be in the form of senator mcconnell's potential. martha: that raises a lot of questions about how a deal that looks like that would do in the house. and we heard president obama last night in an interview basically saying if they don't come to a deal, social security checks are in jeopardy, as westerly as august 3rd. here's a piece of sound,
of the house. obviously, they don't agree on a number of issue. their big differences and principle differences. each gentleman was convinced there was a way to reach compromise. we came very close. that involved tough political decisions. it included a willingness to cut deeply in our discretionary spending. a willingness to reinform our entitlement programs and a willingness by republicans to find savings in our pentagon budget and saving tlus tax code to raise revv neufville that is what was on the table. we came very close. and we never walk away from those negotiations. we never issued any ultimatums and we believe that that grand compromise is still available if there is political will to do it. the reason why it ended, we brief, it is politically painful for everybody. the president realized he would take a lot of political heat if we got this grand bargain from his own party. certainly the speaker of the house might have. the president was willing to do that because he thought it was the right thing to do. we implore the speaker and other republicans to be willing to do that as well. lo
to a default or to a downgrade. suzanne? >> that's a big deal. alison, it's been really hot. really, really hot this summer. what if your favorite drink disappeared from the stores. here's what is happening in minnesota. their budget crisis might actually turn into a beer emergency for some folks. a beer emergency. because the state has shut down and nobody is there to renew the permits and blue moon, you name them, so, you know, that's what they are dealing with there. you might have to switch to buzz wiser. i don't know what you drink. what do you drink? >> i'll go right to the hard stuff. to tequila. >> oh, geez, that's not supposed to be the solution here. go to the hard stuff. we'll see what happens. we will see what happens. but that's just one of the many things that we're looking at when we talk about this economic crisis that is turning into a beer emergency. alison, don't do that hard stuff. >> all right. okay. >>> here's a reminder to vote for the story you'd like to see. you can cast your vote by texting 22360. text 1 for crack down on china, homemade guns flooding on to the streets
amendment rights. >> a big part of it is how well you're doing it. i did a survey and i asked people who are voters whether they watch fox news or not and i found that 67% of republicans watch fox news several times a week or more. that you knew. but 54% of independents watched it several times a week or more. and 21% of democrats watched it several times a week or more. so there really is an effort here to try to demonize a source of information. and, you know, you guys don't make this stuff up. the stuff you're reporting is stuff that's happening. you know, pugh research did a study during the last campaign that as far as i'm concerned is definitive. they looked at the fox news stuff. not like we're doing now which is opinion. but the news part. the 6:00 and 7:00 news broadcast. and they did the number of seconds that were devoted to positive and negative coverage of each candidate. and the only network that came close to parody between positive and negative on obama and on mccain was fox news. the others were skewed four and five to 1 negative on mccain and positive on obama. >> spea
is not succeeding right now because our military is too big. by the way, people call it this military, hands off. it's not military. it's defense contractors, welfare for people who make weapons that we don't need. most of our weaponry is ridiculous. it's for fighting the russians in 1978. we don't need that. what would make this country stronger is economics. that's where the future is. that's what makes a country strong. if you're not strong economically, you're not going to be- >> that's where america is increasingly weak by comparison. >> this is one reason. we could solve this debt deficit problem if we do two simple things. tax the rich like they were taxed, not a hell of a lot more, just like under clinton. and bring the troops home. not just from iraq and afghanistan but we have a half a million troops on bases. >> how many do chinese have? >> none, i don't think. >> may have hardly anything, they have no imperialistic ambition. >> this is not the way you achieve it in this world. not the 14th century. >> i was in shanghai. this dinism you felt. this young millionaire, 125,000 million yonair
. he also said a onesie a man supplied the socks. >> a step up from a tux t-shirt. >> yes, a big improvement, and >>> up next, it's a big morning in hollywood, and we'll show you why. >>> and a formal farewell for a former first lady. today her hometown says good-bye. we all have internal plumbing. but for some of us with overactive bladder, our pipes just don't work as well as they should. sometimes, i worry my pipes might leak. but i learned there's something more i can do. now, i take care with vesicare. once-daily vesicare can help control your bladder muscle and is proven to treat overactive bladder with symptoms of frequent urges and leaks day and night. if you have certain stomach or glaucoma problems, or trouble emptying your bladder, do not take vesicare. vesicare may cause allergic reactions that may be serious. if you experience swelling of the face, lips, throat or tongue, stop taking vesicare and get emergency help. tell your doctor right away if you have severe abdominal pain, or become constipated for three or more days. vesicare may cause blurred vision, so use ca
36 hours will be crucial to decide if a big deal can win support from congress. >> everybody around the table agreed that there is not an option of allowing the debt limit not to be extended so that america does not default on its debt. >> what we have here is a lack of leadership from the white house on what we know is mathematically is necessary to fix this problem. >> we've look the at all available options and we have no way to give congress more time to solve this problem and we're running out of time. >> nbc's kristen welker is live at the white house. is there still hope for a deal? >> reporter: in many ways, it is. good morning to you, chris. president obama told congressional leaders it's decision time. he said we're going to take the day off for a meeting on friday, go back to your caucuses and then come back to me. talks right now are stalled, they've been dealing with the same issues. president obama saying he wants a large deficit reduction package, he says he'll come to the table over entitlement reform if republicans will come to the table for rolling back tax credits
. however there is disagreement over that point, big disagreement over that point. >> the other thing we'll be looking at is of course whether or not there will be issue with the credit rating. we'll talk about that. rebecca thanks. chris? >> thank you. >>> there is news of another arrest in the widening phone hacking scandal in britain. rupert murdoch is being pressured to appear before lawmakers in london and washington. dana lewis is in london good morning. >> reporter: good morning, we're hearing a ninth person has been arrested in the phone hacking scandal, the former executive editor of the "news of the world," but the late breaking news here this morning is the british government committee has just issued a summons for rupert and james murdoch to appear before them to answer questions about what they knew in the phone hacking scandal but legally there is a serious question over whether they can be compelled to appear. damage control in high gear rupert murdoch and son james in london trying to find a way to put out the fire. news corp shut out "nut of the
>>> welcome back. i'montessa brewer back in the saddle covering the big news coast to coast. we begin with breaking news. the judge in the roger clemens perjury trial has just declared a mistrial. nbc's pete williams is in washington, d.c. what's the judge saying about this trial, pete? >> reporter: well, the judge has said he'll decide at a hearing on september 2nd, almost two months from now, where we go from here. this trial had just started yesterday with opening statements from both sides and the prosecutors had begun calling witnesses, but the judge had told the prosecutors in advance that certain evidence was off-limits and one of the things that was off-limits was related to testimony by a friend and former teammate of roger clemens named andy pettitte who had played with him on two major league teams. andy pettitte has said that roger clemens told him he used human growth hormone. clemens says that pettitte is mistaken. what's at issue here is a legal document, sort of sworn statement by the wife of andy pettitte, who says yeah, i heard my husband tell me that roger tol
disingenuous from somebody else. that's a pretty big chip to pull out. and i disagreed with that. and we -- >> what do you mean by that, do you think? >> i think when you understand the material, you understand it. and when you don't get it, you might think that i'm negative towards my own people. >> also strikes me as strange. i've met jay leno, five or six times on his show. he's always been unbelievable courteous. comes back, chat, cup of coffee, have a laugh and yet he seems to attract, from all of his competitors, extraordinary amount of antipathy. >> there's not a -- there's not a union of super heroes amongst late night talk show hosts. i just met david letterman really for the first time i did his show. i waited 28 years to do it. i've known conan for a while. i know jimmy kimmel, craig ferguson. to a man, i think one thing we agree on is we're all not crazy about jay leno. >> why is that? >> i don't know. i think in our own personal dealings, some people get along and some people don't. >> is he much more competitive than people realized, do you think? >> i don't -- you know, i
they get a tax-exempt status? >>reporter: that is the big question is. any groups that a right, obviously, to form and criticize fox news. the question is, should that be a taxper, subsidized, tax-exempt deductibl activity. media matters is something called a 501 (c) 3 referring to the section of the code that covers it and deductions to media matters are people getting to take off their taxes as if they gave money to the red cross or salvation army. and media matters is increasingly political in recent years and the founder has formatted what is scale add super pac to raise large amounts of money to defeat republican candidates and there are reports that the white house is in the entirely happy with that because they felt he was more effective attacking fox news at media matters. the question is, should that be subsidized by the federal government. deep deep the deep pockets, obviously, george soros and tell us about his past for those that do not know. >>reporter: he is a billionaire, naturalized american citizen and has in the past been caught up in insider trading activity in jump, an
this from the beginning. it's an intriguing day. >> this is, it's a big day. >> dave: let's start with the defense. what can they do? is there anything they can stress that would perhaps save her life? is there any chance of a not guilty verdict in your opinion? >> i don't think there's any chance of a not guilty. i think the best they can do is to save her life. the defense made outrageous claims in opening, but went the other way with their defense and helped the prosecution and sputtered to the close and the rebuttal is the final knockout punch. >> clayton: is there enough for the death penalty? that seems to be the question. because premeditation is ultimately the linchpin and maybe that's taken off the table. >> i don't think so. although it isn't a sure fire went for the first degree. what happened here, i think, what you're going to have is that if jeff ashton, if he puts this together in the right way for the jury and really kind of shows them what they can disregard and why, i think they still have a great chance because the biggest thing for the first degree murder conve
and congressmen don't get social security, they get really big pensions for life, so i don't think they really care whether anybody else out there starves. >> clearly, no one is taking this lightly. >> folks depend on it. rebecca, thanks. >>> there is news this morning of another arrest in the phone hacking scandal in britt. in the meantime, rupert murdoch is pressured to appear about lawmakers in london and washington. dana lewis is in london with more on this this morning. >> reporter: we are hearing a ninth person has been arrested. the former executive editor of "news of the world." the late-breaking news this morning is the british government committee issued a summons for rupert and james murdoch to appear before them to answer questions what they knew in the phone hacking scandal but legally a serious question whether they can be compelled to appear. did this control in high gear. rupert murdoch and his son james in london trying to find a way to put out the fire. in a matter of days, their company news corp shut down a newspaper "news of the world." withdrawn a bid for a pay television
this morning across the pond that hsbc, the big international financier is looking at laying off 10,000 workers. obviously the double dip concerns are very, very pronounced. the near-term concern at least for wall street now potential that the guys in washington can come up with a deal. it looks like they will come up with something so they might have short-term relief if they get that. longer term, it seems to be as spotty as it looks i don't know if they will be relieved that long. >> shannon: just as you were speaking, senator harry reid, majority lead ore the senate took to the floor, they are back in session he said no agreement has been reached but he is cautiously optimistic. what do you think that will do to the market if that is the closest we get to an announcement of a deal today, with the market opening up overseas tonight and opening up here tomorrow? >> we are already seeing reaction in the middle east. those markets are open today. they have sunday trading in the middle east. saudi arabia falling close to 1.5% yesterday. and they're up. aman is down but there is a separate soap o
Search Results 0 to 40 of about 41 (some duplicates have been removed)